Advanced Micro Devices, Inc. $AMD Shares Sold by Pilgrim Partners Asia Pte Ltd

Key Points

• Pilgrim Partners Asia reduced its stake in AMD by 85.4% in Q4 to 260 shares (~$56,000), while large institutions (Jennison, Wellington, Assenagon, Nordea, Vanguard) added significant positions, leaving institutional ownership at about 71.34%.
• AMD beat Q1 estimates with $1.37 EPS and $10.25B revenue, fueled by AI/data‑center strength and guidance above expectations, prompting several price‑target raises (e.g., Wedbush to $400) and a MarketBeat consensus of "Moderate Buy" (avg target $314.92).
• Insiders sold roughly 304,672 shares (~$70.1M) in the last quarter; the stock trades near its one‑year high (opened $355.26, high $362.79) with a market cap of $579B and a P/E of ~134, underscoring valuation risk.

Pilgrim Partners Asia Pte Ltd reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 85.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 260 shares of the semiconductor manufacturer's stock after selling 1,515 shares during the period. Pilgrim Partners Asia Pte Ltd's holdings in Advanced Micro Devices were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its position in Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock valued at $2,336,552,000 after purchasing an additional 7,035,991 shares during the period. Wellington Management Group LLP increased its holdings in Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after buying an additional 3,735,807 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Advanced Micro Devices by 104.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer's stock worth $1,283,096,000 after purchasing an additional 3,059,935 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Advanced Micro Devices by 203.7% during the third quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer's stock worth $631,892,000 after purchasing an additional 2,619,294 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock worth $33,949,256,000 after purchasing an additional 2,525,109 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMD. Wedbush upped their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an "outperform" rating in a research note on Monday. China Renaissance began coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 13th. They set a "buy" rating and a $291.00 price objective for the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. Mizuho upped their price objective on shares of Advanced Micro Devices from $275.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, February 25th. Finally, Susquehanna boosted their target price on shares of Advanced Micro Devices from $300.00 to $375.00 and gave the company a "positive" rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $314.92.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $355.26 on Wednesday. The firm's 50 day moving average price is $235.61 and its 200-day moving average price is $229.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. Advanced Micro Devices, Inc. has a one year low of $96.88 and a one year high of $362.79. The firm has a market cap of $579.19 billion, a P/E ratio of 134.06, a P/E/G ratio of 1.23 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same period in the prior year, the business posted $0.96 EPS. The business's revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 5.82 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president directly owned 289,098 shares in the company, valued at approximately $62,679,337.38. This represents a 6.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 31,320 shares of the company's stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the transaction, the executive vice president owned 1,236,037 shares in the company, valued at approximately $432,612,950. This represents a 2.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 304,672 shares of company stock valued at $70,135,070. 0.50% of the stock is owned by insiders.

Trending Headlines about Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Q1 beat and strong AI-driven data‑center growth — AMD reported $1.37 EPS vs. $1.30 consensus and revenue of ~$10.25B, with data‑center sales jumping sharply; the company gave second‑quarter revenue guidance that came in above Street expectations, signaling continued AI demand. Read More.
• Positive Sentiment: CEO commentary and ecosystem moves bolster the AI case — management highlighted robust demand for EPYC CPUs and Instinct GPUs, while AMD is investing in adjacent AI infrastructure (seed investment in RadixArk; partnerships like Zyphra) that expand TAM for its accelerators. Read More.
• Neutral Sentiment: Options and volatility priced in — heavy options activity ahead of/after the print shows traders were positioned for a big move; that amplifies intraday swings even after a beat. Read More.
• Neutral Sentiment: Some analysts raise targets amid the beat — select firms (e.g., Wedbush) have lifted price targets, reflecting stronger revenue trajectories, which supports upside but also highlights divergent Street views. Read More.
• Negative Sentiment: Valuation and supply constraints remain key risks — several analysts warned the recent rally left limited margin for error; HSBC downgraded to Hold pointing to valuation and production limits (CoWoS/packaging bottlenecks). That caution pressures investors who need near‑term proof the demand can scale. Read More.
• Negative Sentiment: Sell‑the‑news and margin/CapEx watch — some commentators flagged elevated CapEx and the risk of mean‑reversion after a steep run‑up; investors will focus on margin commentary and whether AMD can convert demand into shipments without worsening costs. Read More.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.